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Stoeferle stresses that gold production has little effect on price
1:30p ET Wednesday, July 3, 2013
Dear Friend of GATA and Gold:
Elaborating on his seventh annual "In Gold We Trust" report on the gold market --
http://www.incrementum.li/research-analysis/in-gold-we-trust-2013/
-- Ronald Stoeferle of the Incrementum investment house in Liechtenstein stresses to financial journalist Lars Schall that gold mine production has little influence on the metal's price, since most gold is hoarded and always available to the market at the right price and annual mine production is only a tiny share of the total metal available.
Schall's interview with Stoeferle, conducted for Matterhorn Asset Management's GoldSwitzerland Internet site, is headlined "The True Importance of Gold Is Its Posession, Not Its Price" and it's posted here:
http://goldswitzerland.com/the-true-importance-of-gold-is-its-possession...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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